![]() SABMiller's stake at the time was valued at approximately ZAR11.7 billion (US$1.09 billion). In July 2014, the company announced it was divesting its 39.6 percent stake in casino and hotel group Tsogo Sun Holdings Limited through institutional share placements and a partial buy-back from Tsogo Sun. In 2013, the company joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking. The taste is described as "somewhat bitter, somewhat tangy, not sweet". ![]() In November 2011, SABMiller launched Impala Cervejas in Africa, the first commercially produced cassava beer, although Africans have been making cassava home brews for generations. The deal was completed by the end of 2011, but excluded the Foster's lager brand in the UK and Europe, where it is owned by Heineken. The company became engaged in the hostile takeover of Fosters in August 2011, and in September 2011 the board of Foster's agreed to a takeover bid valuing the company at A$9.9bn (US$10.2bn £6.5bn). In 2008, SABMiller and Molson Coors created MillerCoors, a joint venture to produce beverages in the United States. A., South America's second largest brewer and owner of the Aguila and Club Colombia brands in 2005. įollowing this, the group's next major acquisition was of a major interest in Bavaria S. In 1999, after listing on the London Stock Exchange to raise capital for acquisitions, the group purchased the Miller Brewing Company in North America from the Altria Group in 2002, and changed its name to SABMiller. For many decades, the operations of South African Breweries were mainly limited to southern Africa, where it had established a dominant position in the market during South African Apartheid, until 1990 when it began investing in Europe. ![]() The origins of the company date back to the foundation of South African Breweries in 1895 in South Africa.
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